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Friday, February 12, 2010

University of Michigan Consumer Sentiment Index Down 0.7 Point

In February, the University of Michigan Consumer Sentiment Index fell back slightly, falling 0.7 point to 73.7. Despite the decline, this was still the second highest level in over a year. The drop was entirely due to the future expectations component, which fell 3.2 points. In contrast, the current conditions component improved by 3.0 points.